Infographics

Fintech, or financial technology, is disrupting Vietnam’s financial services ecosystem. The fintech market reached USD 4.4 billion in 2017 and is estimated to grow to USD 7.8 billion in 2020, driven by rising bank penetration. As the country aims to move towards a cashless society, Vietnam’s government targets to reduce cash transactions to 10% and increase bank accounts in the population by 70% in 2020. This infographic highlights key drivers and current trends of fintech adoption in Vietnam, the key barriers as well as the future outlook in the market.